STORY: Egypt seeks to secure 3.5 mln tonnes of local wheat in 2024 supply season
SHOOTING TIME: Archive
DATELINE: April 14, 2024
LENGTH: 00:01:04
LOCATION: Cairo   
CATEGORY: ECONOMY   

SHOTLIST:
1. various of Egypt's Ministry of Supply and Internal Trade
2. shot of the minister of supply and internal trade speaking
3. various of wheat harvesting

STORYLINE:

Egypt's Ministry of Supply and Internal Trade has announced that its silos and receiving points will commence the purchase of local wheat from farmers starting Monday.  

According to Ali Moselhi, minister of supply and internal trade, Egypt has set its sights on acquiring 3.5 million tonnes of local wheat in the 2024 procurement season.

The ministry further emphasized that farmers will receive their financial dues within 24 hours just after supplying the wheat quantities.

While wheat supplying remains optional this season, the ministry pointed out that transporting wheat from one location to another, without an official permit in the respective governorates, is prohibited.

During the supply season, owners of fodder factories and fish farms are prohibited from including local wheat as an ingredient in their products.

The purchase price for wheat this season ranges from 1,900 to 2,000 Egyptian pounds (about 39.9 to 42.1 U.S. dollars) per ardeb, based on purity.

In March, Egypt's cabinet raised the local wheat procurement price by 25 percent for the forthcoming harvest season.

Egypt has been adopting a series of measures to encourage farmers to sell more wheat to the government. The goal is to increase local production amid the disruption in the food supply chain caused by the Russia-Ukraine crisis.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)